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Hasbro Executives Face Lawsuit Over Magic Card Overproduction
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Hasbro Executives Face Lawsuit Over Magic Card Overproduction
Hasbro (Nasdaq: HAS) shareholders filed a 76-page federal lawsuit on January 21 against company executives, alleging they misled investors about Magic: The Gathering’s growth while overproducing cards to mask financial problems in other divisions. Shareholders Joseph Crocono and Ultan McGlone accuse Hasbro CEO Chris Cocks, former Wizards of the Coast president Cynthia Williams, and multiple board members of breaching fiduciary duties. The US Dis…
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